HYPERION DRIVES FINANCIAL MANAGEMENT SOLUTION AT MITSUBISHI MOTORS CORP. Monday 11 February 2002 PDF Print Contacts: Andrew Smith Object Marketing Tel: (020) 8762 9292 E-mail: email@example.com ...Japanese Car Giant To Implement Company-wide Financial Management System based on Hyperion's Business Intelligence Solutions... LONDON, UK. February 11, 2002 - Hyperion, (Nasdaq: HYSL) a global leader in business intelligence software, today announced that Mitsubishi Motors Corp., one of the world's leading car manufacturers, has selected Hyperion's business intelligence solutions to develop a common global system for reporting and analysis of all managerial data. Mitsubishi Motors Corp. selected Hyperion because of its recognised leadership in business intelligence solutions, and its expertise in helping meet the financial management needs of global companies. Additionally, Hyperion's ability to support world-class Japanese-owned global businesses was critical to Mitsubishi Motors. Hyperion will provide Mitsubishi Motors a financial analysis framework for its entire organisation, integrating financial consolidation, planning and analysis activities. Karl Mouantri, Hyperion's vice-president of its Asia Pacific region, said, "We are seeing a 'post ERP' trend in the Japanese car industry. All the major manufacturers have mature transaction based systems and operational processes in place. In order to gain competitive advantage they are now investing in business intelligence systems to help them develop better strategies and to tie those strategies to operational implementation. Mitsubishi's investment will give them a business intelligence solution that reflects the activities of their entire organisation." Mitsubishi Motors has operations, partners, subsidiaries, suppliers and customers in many different countries around the world, each reporting results to headquarters. The project, which has become known inside Mitsubishi Motors as MARS (MMC Accounting and Reporting System), will deliver an enterprise wide financial management and consolidation solution to standardise the reporting processes across 200+ reporting units. This will provide meaningful, timely financial reporting and analysis across Mitsubishi Motors' decentralised, geographically dispersed operations and global markets. More than 300 users are planned to use the financial analysis and reporting functions in MARS. The project will also include the development of a collaborative, worldwide budgeting and planning process using Hyperion Planning. Mitsubishi Motors said that it wants to build best practices into its financial reporting process, reduce redundant and duplicated activities and provide its executive management team with a unified source of information with which to measure and manage the company's financial performance. "In a changing and difficult global economy, it is critical for leading global companies, such as Mitsubishi Motors, to better understand and plan their businesses based on comprehensive analysis of their organisations," said Takuya Hirano, managing director of Hyperion Japan. "Using Hyperion's business intelligence solutions, it will be possible for Mitsubishi Motors to consolidate and carefully analyse its financial data to provide executives with meaningful information they can act upon to drive in their strategic business planning processes. Our relationship with Mitsubishi Motors underscores Hyperion's commitment to deliver enterprise-wide business intelligence solutions that help companies measure performance and drive profitability." About Hyperion Hyperion, a global leader in business intelligence software, creates solutions that help businesses measure performance and drive profitability. Its flagship product, Hyperion Essbase, as well as its financial and business performance management and eCRM analysis solutions are used by more than 6,000 companies around the world. Hyperion has a network of more than 400 strategic partners to provide innovative business intelligence solutions, specialised applications and services. Headquartered in Sunnyvale, California, Hyperion reported annual revenues in fiscal 2001 of more than $500 million. The company has more than 2,300 employees in 20 countries and is also represented in 16 other countries through distributor relationships. For more information, please visit http://www.hyperion.com/uk, e-mail firstname.lastname@example.org or call 01784 228000. Hyperion and Essbase are registered trademarks and Hyperion Planning, and Hyperion Solutions are trademarks of Hyperion Solutions Corporation. All other trademarks and company names are the property of their respective owners. This press release was distributed by ResponseSource Press Release Wire on behalf of Object Marketing in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.